The Enterprise and Economic Development Glossary a resource of the .network library

real estate asset manager:

... a person whose job is to control situations and the things that other people do pertaining to the value and useful quality of real property; a corporate real estate executive as the job description applies to anyone responsible for maintaining real estate inventory of an enterprise whose whose main line of business requires putting sites, buildings, and facilities to use rather than brokering or regularly dealing for profits from property transactions.

Real estate asset managers are members of the .network core user group who participate in enterprise development. They may also be referred to as real estate managers for enterprises that don't have real estate dealing as their main reason for being in business. Either way that they are identified as managers involved in site selection and facilities location, they lease, purchase, and dispose of real estate as a part their participation in enterprise development.

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Management of activities relating to the properties of companies on the move is a part of enterprise development. This is especially true when managers are in charge of organizing and controlling site selection and facilities location projects. According to Facilities, Volume 18, Number 7, 2000, affective management includes keeping real estate assets positioned to support ... the fulfillment of corporate business plans.

Site Selection is the magazine of the Industrial Asset Management Council, which is an association of ... asset management and corporate real estate executives, their suppliers and service providers, and economic developers (source of quote). The name of the reflects the fact that IAMC roots are in site selection and facilities location as related to enterprise and economic development. The real estate asset manager's responsibilities for leasing or purchasing properties, as well as disposing of it, is part of site selection and facilities location.

There are membership organizations for those who are involved in corporate real estate that invite resource and service providers in for business networking. For example, the Industrial Asset Management Council is an association of IAMC's focus on bringing real estate asset managers together with .network mission contacts is an extension of the way its predecessor organization, the International Development Research Council was operated to accommodate building and maintaining working relationships.

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